Eli Lilly Makes Largest Manufacturing Investment In Its History To Boost Production For Antidiabetic And Weight Loss Meds
Portfolio Pulse from Vandana Singh
Eli Lilly (NYSE: LLY) has announced a significant increase in its investment in its Lebanon, Indiana manufacturing site, raising the total commitment to $9 billion. This expansion aims to boost production capacity for its antidiabetic and weight loss medications, Zepbound and Mounjaro. The company has also invested heavily in other U.S. and European sites, totaling over $18 billion in manufacturing investments. The Lebanon site is expected to create 200 full-time jobs and over 5,000 construction jobs, with operations beginning in late 2026.
May 24, 2024 | 6:04 pm
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Eli Lilly has increased its investment in its Lebanon, Indiana site to $9 billion to enhance production of Zepbound and Mounjaro. This is part of a broader $18 billion investment in manufacturing facilities, expected to create significant job opportunities and boost production capacity.
The substantial investment in manufacturing facilities is likely to enhance Eli Lilly's production capacity for key medications, potentially leading to increased revenues. The creation of new jobs and the scale of the investment also indicate strong growth prospects.
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